FBR extends the date for tax returns

Breaking news from FBR after the Karachi Tax Bar Association (KTBA) has asked for the Federal Board of Revenue to extend the time frame for processing the income tax returns and claims of lost taxes for per month. In a correspondence sent to the chairman FBR, KTBA said that the greater part of taxpayers and tax experts would not be able to compute file their profits and claims of lost taxes by Oct 31, 2015, due to various factors such as Ashura vacations when internet and cell phone services were revoked and the main business hub of the town was shut down for protection factors.

Keeping this in view, the KTBA has requested to extend the date of processing the income tax profits and claims of lost taxes until Nov 30, 2015 and make all taxpayers and tax experts allowed for computer file returns/statements in time.